Q2 2026 Washington Trust Bancorp Inc Earnings Call Transcript

Jul 21, 2026 / 12:30PM GMT

Release Date Price: $39.28 (+8.15%)

Transcript 8-K

Key Points

Positve

Washington Trust Bancorp Inc (WASH) reported strong net income of $16 million, up by $3.4 million from the previous quarter.
The company experienced solid loan and deposit growth, driven by its institutional banking initiative.
Net interest income increased by 3% from Q1 and 12% year over year, with a margin expansion to 2.73%.
Plans to open new branches in Bristol and Pawtucket, Rhode Island, are underway, expanding their market presence.
The company is set to roll out an enhanced digital banking solution for small business customers, aiming to improve customer experience and security.

Negative

Nonaccruing loans were 78 basis points against total loans, indicating some asset quality concerns.
Past due loans increased to 81 basis points, primarily due to a single commercial real estate office loan.
The commercial real estate segment faced headwinds from payoffs, impacting overall loan growth.
Salaries and benefits expenses rose by 4%, reflecting staffing additions and performance-related compensation changes.
The company recognized a $1.6 million provision for credit losses, indicating potential future credit risks.

Operator

Good morning, and welcome to Washington Trust Bancorp, Inc.'s conference call. My name is Hilary, and I'll be your operator today. (Operator Instructions) As a reminder, today's call is being recorded. And now I'll turn the call over to Sharon Walsh, Senior Vice President, Director of Marketing and Corporate Communications. Sharon, please go ahead.

Sharon Walsh

Washington Trust Bancorp Inc - Senior Vice President and Director of Marketing and Corporate Communications

Thank you, Hilary. Good morning, and welcome to Washington Trust Bancorp, Inc.'s conference call for the second quarter of 2026. Joining us this morning are members of Washington Trust's executive team, Ned Handy, Chairman and Chief Executive Officer; Mary Noons, President and Chief Operating Officer; Ron Ohsberg, Senior Executive Vice President, Chief Financial Officer, and Treasurer; and Bill Wray, Senior Executive Vice President and Chief Risk Officer.

Please note that today's presentation may contain forward-looking statements, and our actual results could differ materially from what

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.